VAT, other indirect taxes and customs

Inefficient management of indirect taxes can negatively influence a company’s cash flow, cause tax over- or underpayments or lead to steep penalties for non-compliance. Indirect taxes thus play a significant role in the operational and financial performance of a company.

We will test your reporting system for VAT and other indirect taxes and advise you on how to make it more efficient. We will also assess the impact of cross-border transactions on your company’s operations. We are also able to analyse your business transactions and internal processes and identify potential risks or opportunities for VAT savings. We will suggest competitive and efficient supply chain structures for your existing markets as well as for those to which you are planning to expand.

• review your system for the payment of VAT  and any other indirect taxes and recommend  measures to increase its effectiveness
• look for tax-saving opportunities in specific areas
• offer you cross-border transaction advisory that will  assess any possible effects on the functioning of the company abroad
• analyse your business transactions and internal  processes in the VAT area
• get you registered as a VAT payer and advise you  on how to comply with both Czech and international  regulatory requirements pertaining to VAT (i.e. VAT  returns, EC sales lists, Intrastat reports)
• simulate VAT-related tax inspections
• assist you with claims for the reimbursement of VAT  paid within the price of goods or services
• help you determine the basis for the calculation of customs duties and assist you with other customs matters
• represent and advise you during inspections  by the tax authorities or the customs office
• focus on issues in the application of exemptions  from ecological taxes 
• train your staff.